Answer:
amount = $5596.40
Explanation:
given data
deposited amount = $0.50
annual interest = 6% = 0.06
time period = 160 year ( 1980 - 1820 )
solution
we apply here compounded annually that is
amount = deposit amount × [tex](1+r)^{t}[/tex] ...............1
put here value and we will get
amount = $0.50 × [tex](1+0.06)^{160}[/tex]
solve it we will get
amount = $5596.40